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$975,000
Monthly Est:$4,853
-- Bed
-- Bath
--sqft
5645 E Grand River Ave, Howell, MI 48843
$975,000
$4,853/moEst:
Get Pre-Approved
Multi Family
Built in 1950
$-- HOA
12,632.4 sqft lot
--/sqft
Description
NEW AND IMPROVED!!! Well-maintained, turnkey 10-unit multifamily (+ coin laundry) in Howell generating $11,300/month in gross rental income. Recent capital improvements include a brand new roof (2026), new AC throughout the whole building, and a new tankless water heater, helping minimize future maintenance costs. Selling at an 11% cap rate, with a stable tenant base and four long-term Section 8 tenants providing reliable, government-backed income. Owner-reported operating expenses average approximately $1,916/month. Strong cash-flow opportunity with additional upside through future rent growth.
- Houzeo last checked: 13 minutes ago
- Listing updated: August 3, 2026 at 2:26 pm
- Listing Provided by: Ryann Brier (734) 210-8543 | United Realty Services (616) 965-2304
- Source: Realcomp MLS-MI | MLS#: 71026002193
- Originating MLS: West Michigan Lakeshore Association of REALTORS
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1950
HOA Fees
-
Finished Area
- sqft
Lot Size
12,632.4 sqft lot
Basement Area
- sqft
MLS Name
Realcomp MLS
MLS Number
71026002193
MLS Status
Active
Days on Market
241
Cumulative Days on Market
196
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Heating
Forced Air, Natural Gas
Sewer
Public Sewer
Interior Features
Storage
Cooling
Central Air
Construction
Year Built
Year Built: 1950
Home type
Multi Family
Foundation Details
Michigan Basement
Construction Materials
Vinyl Siding, Wood Siding
Roof
Composition, Rubber
Utilities & Energy
Basement
Full
Parking Features
Gravel, Paved, Carport
Water Source
Public
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected
Laundry Features
Common Area, In Basement, Laundry Room
Association Amenities
Laundry
Other Features
Lot Features
Corner Lot
Price History
| Date | Event | Price |
|---|---|---|
07/27/2026 Source: | Listed for Sale | $975,000 $0/sqft |
01/19/2026 Source: | Off Market | $975,000 $0/sqft |
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Based on information from the Board/Association of REALTORS® (alternatively, from the Realcomp II Ltd. MLS) through Sep 18, 2026, 07:00AM. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified. IDX provided courtesy of Realcomp II Ltd. via Andover Real Estate & Houzeo, Copyright 2026 Realcomp II Ltd. Shareholders Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listing Information presented by local MLS brokerage: Andover Real Estate, local REALTOR®- Scott Rubin - (248)206-3666 . Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. © 2024 Realcomp II Ltd. MLS. All Rights Reserved.
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